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Sunday, February 12, 2012

Bearish Technical Upward Wedge: (BTI), (JBT), (INTC), (CSX), (VSAT)

Upward wedge patterns have been noticed on February 12 for the stocks British American Tobacco plc, John Bean Technologies Corporation, Intel Corporation, CSX Corp, and ViaSat Inc. The price range of these stocks is getting more narrow as the upward trend continues, thus signally the trend is losing steam. This sends a bearish signal to investors as the upward trend is ending.

Shares of British American Tobacco plc (BTI) traded higher by 0.02% or $0.02/share to $98.35. In the past year, the shares have traded as low as $72.49 and as high as $98.56. On average, 256899 shares of BTI exchange hands on a given day and today's volume is recorded at 223277.

Shares of John Bean Technologies Corporation (JBT) fell by 2.46% or $-0.43/share to $17.06. In the past year, the shares have traded as low as $13.10 and as high as $20.72. On average, 115280 shares of JBT exchange hands on a given day and today's volume is recorded at 46044.

Shares of Intel Corporation (INTC) fell by 0.61% or $-0.16/share to $26.69. In the past year, the shares have traded as low as $18.70 and as high as $27.00. On average, 50279330 shares of INTC exchange hands on a given day and today's volume is recorded at 33079198.

Shares of CSX Corp (CSX) fell by 1.03% or $-0.23/share to $22.05. In the past year, the shares have traded as low as $17.59 and as high as $26.75. On average, 9456670 shares of CSX exchange hands on a given day and today's volume is recorded at 9181787.

Shares of ViaSat Inc (VSAT) fell by 0.81% or $-0.37/share to $45.22. In the past year, the shares have traded as low as $31.18 and as high as $49.80. On average, 261500 shares of VSAT exchange hands on a given day and today's volume is recorded at 211913.